HomeMy WebLinkAboutConfirming Tax Abatement - Aquarius Plastic Finishers Inc. 4221 Technology Dr. (5 Year Personal Property) RESOLUTION
NO. 1580-87
Passed by the Common Council of the City of South Bend, Indiana,
December 21, I _.
Attest: K ----0.--✓ City Clerk
f Attes ! _ � i. ' President of Common Council.
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Presented by me to the Mayor of the City of South Bend, Indiana
December 22, I€7 .
'-^^-'" / ""^tom City Clerk
Approved and signed by me [)2CfinA 2L.l a°2i 19 57 .
71_,--1. Mayor
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RESOLUTION NO. ( S'7< n -�
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITH THE CITY OF
SOUTH BEND COMMONLY KNOWN AS 4221 Technology Drive
TO BE AN ECONOMIC REVITALIZATION AREA
FOR PURPOSES OF PERSONAL PROPERTY TAX ABATEMENT
WHEREAS, the Common Council of the City of South Bend has
adopted a Declaratory Resolution designating certain areas within
the City as Economic Revitalization Areas for the purpose of tax abatement
consideration; and
Whereas, a Declaratory Resolution designated the area
commonly known as 4221 Technology Drive and which is more particularly
describes as follows :
Lot 10, Plat of Landmark Business Park, Section 4 -Part 1
as an Economic Revitalization Area; and
Whereas , notice of the adoption of a Declaratory
Resolution and the public hearing before the Council has been
published pursuant to Indiana Code 6-1. 1-12 .1-2 . 5; and
Whereas , the Council held a public hearing for the
purpose of hearing all remonstrances and objections from
interested persons; and
Whereas, the Council has determined that the
qualifications for an economic revitalization area have been met.
NOW, THEREFORE , BE IT RESOLVED by the Common Council of
the City of South Bend, Indiana, as follows :
Section I. That the Common Council hereby confirms its
Declaratory Resolution designating the area described herein as an
Economic Revitalization Area for the purpose of tax abatement.
Such designation is for personal property tax abatement only and is
limited to two (2) calendar years from the date of adoption of the
Declaratory Resolution by the Common Council.
Section II . That the Common Council hereby determines
that the property owner is qualified for and is granted personal
property tax deduction for a period of five (5) years.
SECTION III. This Resolution shall be in full force and effect
from and after its adoption by the Common Council and approval by
the Mayor.
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PRESENTED P a 1 g7 Filed In Clerk's Office
NOT APPROVED DEC 161987
ADOPTED ‘-.. .- \- a"7 IRENE GAMMON
CITY CLERK, SO. BEND, IN.